The Berluti fashion house, which belongs to the French luxury goods group Moët Hennessy Louis Vuitton (LVMH), is getting a new boss.
Antoine Arnault, the eldest son of LVMH CEO Bernard Arnault, is stepping down as chief executive of Berluti, the luxury goods group said on Wednesday. Jean-Marc Mansvelt, who has been CEO of the luxury jewelry company Chaumet, which is also part of LVMH, since 2014, will take over the management of the brand on January 1st.
Mansvelt has been part of LVMH since 2004. His career at the luxury goods group began as marketing director for leather goods for the Louis Vuitton brand before being appointed leathergoods and accessories director. He has held the position of CEO at Chaumet since 2015. Before joining LVMH, he worked for more than 15 years as Marketing Director at the cosmetics company L’Oreal.
“Berluti has come a long way from its heritage as a footwear specialist to becoming a fully-fledged men’s fashion house,” said Toni Belloni, group managing director of LVMH. “Under Antoine’s leadership, the company emerged from the pandemics with great positioning and remarkable sales and profit growth. Jean-Marc will certainly continue to build on this positive momentum.”
Arnault will continue to chair Berluti and serve in various roles within the company. His numerous tasks at LVMH include chairmanship of Loro Piana, management of communications, image and environment at LVMH as well as management of Christian Dior SE and serving as a board member at LVMH.
CEO from our own ranks for Chaumet
Mansvelt’s successor at Chaumet has also already been determined and will come from within his own ranks. Charles Leung, managing director of the luxury watch manufacturer Fred since 2018, will succeed Mansvelt at Chaumet.
The arrival of the new Chaumet CEO marks his return to the Parisian jeweler, where he previously worked for 12 years. At that time, he particularly led the rapid development of the brand in Asia, according to the statement. Before joining the luxury goods group, he worked in various roles for the luxury jewelry company Cartier for ten years. Leung’s successor at Fred has not yet been named, but with the appointment of Leung and Mansvelt, LVMH’s watch and jewelry division is set for some personnel changes.
“I am pleased with the appointment of Charles Leung, who continues his successful path at LVMH Watches & Jewelry Division,” said Stéphane Bianchi, CEO Watches & Jewelry Division at LVMH. “I am confident that with his strong drive and business acumen, his understanding of the jewelry industry and diverse markets, he will lead Chaumet to even greater heights.”